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Slanted and Enchanted

There's no correct place, but if the clasp or clip is too close to the knot it looks more decorative than functional. If it is worn too close to the end of the tie, it looks peculiar. I think it should be worn low enough that it is covered when the top button of the jacket is closed. When I wear a tie clip, I always slant it slightly away from parallel with my waistband, so it doesn't look too perfect and fussy. When Thelonious Monk walked into his house, if he found the picture frames were straight, he'd adjust them to be slightly off. We should always guard against fussiness.